2000 joe, we know its about nvidia earnings this week, and a lot of things are continuing to rally s p above 5300 nvidia approaching 950 record high, copper. Its oppenheimer with their technicals suggest to position for an everything rally. I think there seems to be a degree of comfort on the part of the investors. I think its an important week, and obviously thats because of nvidia lets reflect back 52 weeks ago, and what did nvidia give us . A rally that ignited the technology rally over the last year i think universally, everybody expect the bar is incredibly high for nvidia this week. People are looking at nvidia and saying you have to beat and raise and in doing so you will light up the ai halo, which has been kind of dim since march the expectations are very high scott, when the exspeck taeugss are high and everybody already knows that, dont be surprised if they surprise you they have done it they have done it, right, just when you thought they couldnt, they did right i actually
Nearly 3,000 coming just in the first 90 minutes. The blue chip index closing down more than 500 points for the second straight day and over the last three sessions the dow and s p are down nearly 9 and the nasdaq is off almost 10 yesterday alone 685 billion is lost among market cap in s p 500 companies. Thats 100 billion more than apples market cap. If they dont tell you enough about the volatility check out the vix. Moving above 50 intraday for the first time. Check out the front pages of some major newspapers around the world today. Youre looking at sort of a full list of whats going on in virtually everybody touches on the market above the fold. Like the bear there on the New York Post . Wild. And the guys a lot of times the photographer is waiting and he may have a scratch here on his eyebrow and looks like hes stressed. I think they pose for them now. They see the photographer coming and theyre like that and just do that look. They want to be in the paper. Come on. Have you notic
Nasdaq had its ninth positive month out of the last ten. The worst performing sector, energy not a surprise given wtis performance, down about 6 thats the worst month for wti since march. As for the year so far, the nasdaq is leading the way. Its up more than 19 . The dow is higher by 11 the s p 500 is up by 10. 4 check the global markets. Things were kind of friendly in europe not much happening in the asian markets. Japan and the hang seng and shanghai european equities were more positive a half percentage point gain in average in most of the bourses look at the dollar got over 1. 20, back down to 1. 19 the tenyear, 2. 13 do you go straight do you have a gauntlet from your house to your car . Do you get in a garage do you know, it felt like fall was 55 degrees. 56r7b8g 55. Realfeel 50 i walked out in my sleeveless dress, grabbed a sweater came back out. Theres some leaves around. Rustling a bit. That went fast, didnt it. Way too fast. We still have this Weekend School starting we do.
But we still saw a higher climbed by the end of the day. That run is continuing here. It is being fueled in part by earnings we have been seeing, being fueled in part by higher rates. It is a positive week for the s p 500. In fact, not just this week, but it has been on a sixweek run of gains. Some of the game, as you can see, have been modest. This is the longest streak we have seen in about three years. A streak of weekly gains that we have seen in about three years for the s p 500. Some of the movers we are watching today include materials companies, Building Materials specifically. We have seen lumber prices and prices for other types of Building Materials rise recently. We also have existing home sales data today that came in ahead of estimates. Mark arrieta of Eagle Materials , eaglein marietta materials, and Vulcan Materials companys dating today. Proctor and gamble is leading the way downwards, after the company came out with numbers that sales beat forecasts, but numbers met e
Everybody, im kelly evans right here im here at the Stock Exchange weather central or something im Bill Griffith, energy still this is kind of a catchy tune, isnt it . Energy weighing on the market yet again today. Oil to a ten month low, you is that true earlier, health care has been a big winner today with a number of biotech stocks pushing that index higher. Were going to have more on whats behind the moves coming up here. Take a look at footlocker today. It could become the latest amazon victim. Nike is getting closer to selling on amazon. Another retailer should be worried with foot locker down 5 which one is it . Youve heard this story, this is unbelievable George Clooney selling his tequila business for 1 billion. Jeff cohen sitting here next to me he cant believe this. We have a special report on why tequila sales are so hot right now. Its only 700 million up front. Oh, well, okay. The 300 thatll come down the road if they sit certain targets. This reminds me, griffin was known